Sep 25, 2012 7:00pm PDT
as he deals with the crisis in the east china sea. morimoto and steven smith agreed on the need to tight maritime security and cooperate with their u.s. allies. >> we were able to come up with a constructive aim in building up japan, australia relations toward defense cooperation. >> morimoto said japanese authorities have been struggling to respond to chinese and taiwanese vessels approaching the territory. he said he and his colleagues are seeking twice maintain stable ties. smith said australian officials hope for a peaceful and legal solution. >> australia's contribution in this area is to make the following points, which is we don't take sides in these disputes but absolutely essential that these matters resolved am mick cabbly, in accordance with international law and the law of the sea. >> smith promised australian diplomats would urge china to be a positive constructive member of the international community. >>> china brought its first aircraft carrier into service amid tensions with japan. president hu jintao, when gentleman boo and others attend the event. the aircraft ca
Oct 2, 2012 6:00am PDT
, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last month on another round of quantitative easing. it involves purchases of additional mortgage-backed securities at a rate of $40 billion a month. >>> managers at mitsubishi motors's subsidiaries say things are getting back to normal.